Improving decision-making through material flow cost accounting: the case of VietGreen bottled mineral water company
In: International Food and Agribusiness Management ReviewResearcher, Management in the International Food Industry, University of Kassel, Steinstrasse 19, Witzenhausen, 37213, Germany
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VietGreen, headquartered in the South of Vietnam, is a bottled mineral water company striving towards becoming a leading mineral water producer with a strong reputation for social responsibility and integrity. This case describes VietGreen’s decision to explore the potential of material flow cost accounting (MFCA) for enhanced eco-efficiency and achieving the company’s long-term goals. It introduces the students to the company’s major challenges in meeting existing and newly introduced environmental regulations and in dealing with various controversial perspectives of managers involved in a project to implement MFCA. The focal questions of the case are why and how the company’s management should invest in and apply MFCA to implement its major strategic objectives. In particular, it focuses on the tension between measures improving either environmental or economic performance as well as the search for solutions contributing to both types of goals.
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Asian Productivity Organization (APO). 2014. Manual on material flow cost accounting: ISO 14051. APO, Tokyo, Japan.
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Christ, K.L. and R.L. Burritt. 2016. ISO 14051: a new era for MFCA implementation and research. Revista de Contabilidad 19(1): 1-9.
'ISO 14051: a new era for MFCA implementation and research ' () 19 Revista de Contabilidad : 1 -9.
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Guenther, E., C. Jasch, M. Schmidt, B. Wagner and P. Ilg. 2015. Material flow cost accounting – looking back and ahead. Journal of Cleaner Production 108: 1249-1254.
'Material flow cost accounting – looking back and ahead ' () 108 Journal of Cleaner Production : 1249 -1254.
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Herzig, C., T. Viere, S. Schaltegger and R.L. Burritt. 2012. Environmental management accounting: case studies of South-East Asian companies. Routledge, New York, USA.
'Environmental management accounting: case studies of South-East Asian companies', ().
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International Organization for Standardization (ISO). 2011. ISO 14051: 2011 (en) Environmental management – material flow cost accounting – general framework. Available at: https://www.iso.org/obp/ui/#iso:std:iso:14051:ed-1:v1:en
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International Organization for Standardization (ISO). 2017. ISO 14052: 2017 Environmental management – material flow cost accounting – guidance for practical implementation in a supply chain. Available at: https://www.iso.org/standard/54811.html
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International Organization for Standardization (ISO). 2021. ISO 14053:2021 Environmental management – material flow cost accounting – guidance for practical implementation in organizations. Available at: https://www.iso.org/standard/73338.html
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Kokubu, K. and M. Nakajima. 2004. Material flow cost accounting in Japan: a new trend of environmental management accounting practices. In: Fourth Asia Pacific Interdisciplinary Research in Accounting Conference. 4-6 July 2004. Singapore, pp. 1-16.
Material flow cost accounting in Japan: a new trend of environmental management accounting practices 1 16
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Ministry of Economy, Trade and Industry (METI). 2010. Material flow cost accounting: MFCA case examples. METI, Tokyo, Japan.
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Tran, T.T. and C. Herzig. 2020. Material flow cost accounting in developing countries: a systematic review. Sustainability 12(13): 5413.
'Material flow cost accounting in developing countries: a systematic review ' () 12 Sustainability : 5413 .
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Wagner, B. 2015. A report on the origins of material flow cost accounting (MFCA) research activities. Journal of Cleaner Production 108: 1255-1261.
'A report on the origins of material flow cost accounting (MFCA) research activities ' () 108 Journal of Cleaner Production : 1255 -1261.
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Improving decision-making through material flow cost accounting: the case of VietGreen bottled mineral water company
In: International Food and Agribusiness Management ReviewResearcher, Management in the International Food Industry, University of Kassel, Steinstrasse 19, Witzenhausen, 37213, Germany
Search for other papers by Thuy Thanh Tran in
Current site
Google Scholar
PubMed
Search for other papers by Christian Herzig in
Current site
Google Scholar
PubMed
VietGreen, headquartered in the South of Vietnam, is a bottled mineral water company striving towards becoming a leading mineral water producer with a strong reputation for social responsibility and integrity. This case describes VietGreen’s decision to explore the potential of material flow cost accounting (MFCA) for enhanced eco-efficiency and achieving the company’s long-term goals. It introduces the students to the company’s major challenges in meeting existing and newly introduced environmental regulations and in dealing with various controversial perspectives of managers involved in a project to implement MFCA. The focal questions of the case are why and how the company’s management should invest in and apply MFCA to implement its major strategic objectives. In particular, it focuses on the tension between measures improving either environmental or economic performance as well as the search for solutions contributing to both types of goals.
| All Time | Past 365 days | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 0 | 0 | 0 |
| Full Text Views | 553 | 321 | 38 |
| PDF Views & Downloads | 871 | 469 | 71 |
